Swarovski targets 25 per cent growth

Analysing the buoyant market response, the luxury crystal product maker, Swarovski is targeting the growth of over 25 per cent, this fiscal.

The Austrian firm is also confident about doubling its retail presence in the coming two years. The company which has around 20 boutiques, is all set to spread its network to around 50 by 2012. Further, to enhance its presence, it also has 14 shop-in-shops in a tie-up with Shoppers Stop.

Swarovski is also planning to boost its business by opening stores at airports as the offer seems lucrative for the luxury products. The company has its retail outlets at Hyderabad, Mumbai and New Delhi airports.

The company is also planning to enter into other segments to increase the turnover in the near future.